Request for proposal (RFP)

When you're looking to start up a new project to tackle complex spend and source services, look no further than request for proposal (RFP) in Fairmarkit. On a request for proposal, the system will walk you through the process to define the event, add questions and documents, and then invite suppliers to send proposals for your event.

Important: To access Fairmarkit’s request for proposal module, please contact your Fairmarkit Customer Success Representative.

Basic workflow

This outlines the basic workflow to create, submit, and award a request for proposal. However, there can be variations to this workflow.

Note: An event goes through multiple statuses during the request process. For more information, see Event status (Buyers).

• Create a request for proposal: Create an event with questions about the items and services you need to purchase, select the suppliers to invite, and publish your event.

• Send for proposals: Once submitted, suppliers can submit a proposal, including answers to your questions, prices, and terms, within a specified time frame. If they have questions, they can message you directly.

• Award a proposal: Once the event is closed, you can review and award your preferred proposal.